First Solar (FSLR) Surges On Strong Results

July 30, 2008 5:46 PM EDT
Shares of First Solar, Inc. (Nasdaq: FSLR) are up 7% in after-hours action after blowing past Wall Street estimates for the second quarter.

First Solar reported Q2 EPS of $0.85, versus the analyst estimate of $0.58. Revenues for the quarter were $267 million, versus the consensus of $216.90 million.

First Solar manufactures solar modules with an advanced thin film semiconductor technology and provides comprehensive photovoltaic (PV) solutions that significantly reduce solar electricity costs.

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